Global Market for Metal Stampings, Forgings, and Castings to Exceed $365 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.

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Majority of the countries worldwide failed to keep pace with the growing demand for castings, and have liberalized their policies with regard to import and export of cast products, resulting in proliferation of trade. Worldwide market for Metal Stampings, Forgings, and Castings is projected to exceed $365 billion by 2010.

Metal Stampings, Forgings, and Castings: A Global Strategic Business Report

San Jose, CA (PRWEB)March 17, 2008

Worldwide market for metal stampings is projected to exceed $167 billion by 2009, while worldwide sales of metal forgings totaled an estimated $47 billion in 2006. Europe represents the largest regional market for metal stampings, forgings, and castings market worldwide, with sales estimated at $114 billion in 2008. Buoyed by strong growth in markets such as China, India and South Korea, Asia Pacific represents the fastest growing market followed by Rest of World and Latin America. Asia-Pacific is also poised to emerge as the fastest growing regional market for High Alloy Steel castings over the years 2000 through 2010, with sales projected to increase at a compounded annual rate of 3.63%.

"Metal Stampings, Forgings, and Castings: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe and others, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, recent developments, mergers, acquisitions, alliances, and other strategic industry activities. Market size estimates and projections are presented in terms of annual sales in US$ over the years 2000 through 2010. Long-term projections are provided for the years 2011-2015.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.